Activision Blizzard, Inc. (ATVI) [Rocket]

Overview

Activision Blizzard, Inc. (ATVI)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/13/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	7,528.0	8,803.0	8,086.0	6,489.0	7,500.0	7,017.0	6,608.0	4,664.0
Revenue growth	-14.5%	8.9%	24.6%	-13.5%	6.9%	6.2%	41.7%	5.8%
Cost of goods sold	1,529.0	1,891.0	1,882.0	2,094.0	2,517.0	2,501.0	2,394.0	1,585.0
Gross profit	5,999.0	6,912.0	6,204.0	4,395.0	4,983.0	4,516.0	4,214.0	3,079.0
Gross margin	79.7%	78.5%	76.7%	67.7%	66.4%	64.4%	63.8%	66.0%
Sales and marketing	1,217.0	1,025.0	1,064.0	926.0	1,062.0	1,378.0	1,210.0	734.0
Research and development	2,114.0	1,763.0	1,528.0	998.0	1,101.0	1,069.0	958.0	646.0
General and administrative	1,001.0	788.0	784.0	732.0	822.0	745.0	634.0	380.0
EBITA	1,685.0	3,316.0	2,816.0	1,942.0	2,373.0	2,075.0	2,113.0	1,332.0
EBITA margin	22.4%	37.7%	34.8%	29.9%	31.6%	29.6%	32.0%	28.6%
Amortization of intangibles				204.0	371.0	759.0	708.0	13.0
EBIT	1,685.0	3,316.0	2,816.0	1,738.0	2,002.0	1,316.0	1,405.0	1,319.0
EBIT margin	22.4%	37.7%	34.8%	26.8%	26.7%	18.8%	21.3%	28.3%
Pre-tax income	1,744.0	3,164.0	2,616.0	1,633.0	1,877.0	1,151.0	1,106.0	1,121.0
Income taxes	231.0	465.0	419.0	130.0	29.0	878.0	140.0	229.0
Tax rate	13.2%	14.7%	16.0%	8.0%	1.5%	76.3%	12.7%	20.4%
Net income	1,513.0	2,699.0	2,197.0	1,503.0	1,848.0	273.0	966.0	892.0
Net margin	20.1%	30.7%	27.2%	23.2%	24.6%	3.9%	14.6%	19.1%

Diluted EPS	$1.92	$3.44	$2.82	$1.95	$2.40	$0.36	$1.28	$1.21
Shares outstanding (diluted)	789.0	784.0	778.0	771.0	771.0	766.0	754.0	739.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.